MELBOURNE/TOKYO: Toyota Motor Corp said on Monday it would stop making cars and engines in Australia by the end of 2017 in what would mark the end of an era for a once-vibrant auto production base and the loss of thousands of direct and indirect jobs.
Toyota's decision follows the planned exits of General Motors and Ford Motor announced last year and would leave no global automaker remaining in Australia as high costs and a strong currency make it an unattractive production base.
Already a subscriber? Log in.
Subscribe to win RM50 Touch 'n Go e-Voucher! More Info
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!